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How to buy Genesis Energy shares (GNE)

Learn how to easily invest in Genesis Energy shares on the NZX.

Genesis Energy is a New Zealand electricity generator and retailer. If you want to invest in Genesis Energy, shares in the company (GNE) can be traded on the NZX.

Keep reading to find out what you need to do to buy GNE shares.

How to buy shares in Genesis Energy on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Genesis Energy Find the stock by name or ticker symbol: GNE. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Genesis Energy reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Genesis Energy, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Genesis Energy. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Genesis Energy overview and background

Genesis Energy was formed in 1999 when the Electricity Corporation of New Zealand was split into separate entities. Today, it is New Zealand’s largest energy retailer and services approximately 500,000 customers, selling electricity, reticulated natural gas and LPG via its Genesis Energy and Energy Online brands.

Genesis Energy generates electricity from Huntly Power Station, Tongariro Power Scheme, Waikaremoana Power Scheme, Hau Nui Wind Farm and the Tekapo Power Scheme. It also has a 46% interest in the Kupe Joint Venture behind the Kupe oil and gas field.

The company is listed on both the NZX and ASX. Its majority shareholder is the New Zealand Government, which owns 51% of Genesis Energy.

Performance and company results

In its annual report for the 2020 financial year, Genesis Energy reported net profit after tax of $46 million and EBITDAF of $356 million, both of which had decreased compared to the previous year.

Other key figures from the report include a total dividend of 17.20 cents per share, free cash flow of $168 million and revenue of $2.6 billion.

Key details

NameGenesis Energy LimitedIndustry Electricity Generator & Retailer
Ticker symbolGNEISINNZGNEE0001S7
TypeOrdinary sharesDate listed on NZX24 Dec 2008
End of financial yearJuneChief executive officerMarc England
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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